Finance Ministry says the economy continued to slowdown in September | Bangkok Post: news

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Finance: Slowdown continued in Sept

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The economy continued to slowdown in September on the back of a contraction in domestic consumption and exports, Kulaya Tantitemit, executive director of the Macroeconomic Policy Bureau at the Finance Ministry, said on Wednesday. 

Revenue from value-added tax collection on domestic consumption in September contracted 19.4%, car sales went down 30.7% and motorcycle sales dropped 11.1%, due to a drop in the income of farmers caused by low agricultural product prices, she said.

Private investment in the months dropped 12.7% and exports were down 7.1%, she added.

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